SAN DIEGO, June 21, 2016 /PRNewswire/ -- Shareholder rights
law firm Johnson & Weaver, LLP has launched an investigation
into whether the board members of American Science and Engineering,
Inc. NASDAQ: ASEI) breached their fiduciary duties in connection
with the proposed sale of the Company to OSI Systems, Inc. (NASDAQ:
OSIS).
Additional Information:
American Science manufactures, markets and sells X-ray inspection
and other detection products for homeland security, force
protection, public safety and other defense and security
applications in the United States
and internationally.
On June 21, 2016, American Science
announced it had signed a definitive merger agreement with OSI.
Under the terms of the agreement, American Science stockholders
will receive $37.00 per share in
cash.
The investigation concerns whether the American Science board
failed to satisfy their duties to the Company shareholders,
including whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for American Science shares of common stock. Nationally
recognized Johnson & Weaver is investigating whether the
proposed deal price represents adequate consideration; especially
given that American Science has no long term debt and over
$80 million in cash. The
52-week high for American Science stock is $46.46.
If you are a shareholder of American Science and believe the
proposed buyout price is too low or you're interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim
Baker (jimb@johnsonandweaver.com) at 619-814-4471. If
emailing, please include a phone number where you can be
reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP